input costs

August Ag Economy Barometer Increases
August Ag Economy Barometer Increases
Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer rose 14 points above its July reading to 117.  Both the Index of Current Conditions and the Index of Future Expectations increased last month, meaning producers were less worried about their farm’s financial situation than in July, although they remain concerned about a possible cost-price squeeze.     When... Read Mo
2021 Farm Production Expenses Surpassed $390 Billion
2021 Farm Production Expenses Surpassed $390 Billion
According to the USDA, farm production expenses hit $392.9 billion in 2021, a 7.3% year-over-year increase ($3.66.2 billion in 2020).  The four biggest expenditures totaled $189.4 billion, just over 48% of all expenses last year.  Those four are feed at 16%, farm services at 11%, livestock, poultry, and related expenses at 10%, with labor accounting for 9.4%. The total fu...
Inputs, Politics Top Issues At ICA’s Summer Roundup
Inputs, Politics Top Issues At ICA’s Summer Roundup
The Idaho Cattle Association held its annual summer meeting in Pocatello last month.  The two-day meeting featured sessions on a variety of topics, as well as an annual Range Tour, brining producers and agencies together.  Cameron Mulrony, Executive Vice President of the ICA says two of the most popular topics on the minds of producers focuses on input costs as well as the political landscape in I

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